(In United States dollars, except where noted otherwise) TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) has published its sustainability reports for 2024. The Environment, Social and Governance Report is the Company’s primary sustainability report, setting out its sustainability performance. The Company has also published its Task Force on Climate-related Financial Disclosures (“TCFD”) aligned Climate Change Report and Tax Transparency and ...

VANCOUVER, Canada, May 15, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) ("Oroco" or the "Company") is pleased to announce three pivotal developments that mark significant steps forward for the Company and its flagship Santo Tomás Copper Project located in northwestern Mexico. 1. Application to Expand the Scope of the Santo Tomas Mine Plan After completing a favourable internal assessment, Oroco has determined that it will supplement its regulatory permitting process with an applica ...

Our weekly briefing covering top news flow in the space, chart of the week, latest positioning data, commodity price moves, sound bites from the supply chain, recent global research, upcoming events and corporate access. Chart of the Week FIGURE 1. CISA estimates nationwide YTD steel production to late April is up 5.4% YTD (vs NBS +1.1% to March). If China strictly enforces the speculated 50mt crude steel output restrictions, steel prices should see strong gains given low inventories across the supply chain ...

Triumph Gold Updates Shareholders on Operations, Engages Market Maker, and Grants OptionsMay 09, 2025 4:27 PM EDT | Source: Triumph Gold Corp.Reviews 2025 exploration strategy across Freegold Mountain and Andalusite PeakAdvances acquisition strategy targeting high-grade silver assetsEngages Independent Trading Group to improve trading liquidityVancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Triumph Gold Corp. (TSXV: TIG) (OTC Pink: TIGCF) (FSE: 8N61) is pleased to provide an oper ...

VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) has today filed its interim financial results for the first quarter ended March 31, 2025. All numbers are in U.S. dollars unless otherwise noted. Q1 2025 HIGHLIGHTS Arbitration and Entrée/Oyu Tolgoi JVA On December 19, 2024, a partial final award (the “Award”) was made by the three-member international arbitration Tribunal appointed in connection with the Company’s binding a ...

Toronto, Ontario--(Newsfile Corp. - Le 8 mai/May 2025) - Star Copper Corp. (“Star Copper” or the “Company”) has announced that, further to its news release dated May 6, 2025, the previously announced plan of arrangement (the “Arrangement”) will become effective on May 9, 2025 (the “Effective Date”). Star Copper shareholders of record as at the close of business on May 8, 2025 (the “Shareholders”) will receive, for each existing common share of the Company held immediately prior to the Effective Date: (i) ...

Core Viewpoint - McEwen Mining Inc. reported its Q1 2025 results, highlighting a strategic focus on increasing gold production and improving financial performance despite operational challenges [1][4][8]. Production and Growth Plans - The company aims to significantly increase annual gold production at the Fox Complex, targeting 60,000 ounces by 2027, with potential expansion to 120,000 - 150,000 ounces by 2030, contingent on timely permit approvals [2]. - Consolidated production for Q1 2025 was 24,131 GEOs, a decrease from 33,037 GEOs in Q1 2024, with expectations to meet the 2025 production guidance of 120,000 to 140,000 GEOs [14][36]. Financial Performance - Gross profit for Q1 2025 was $10.1 million, up from $6.0 million in Q1 2024, driven by a 31% increase in average realized gold price [8]. - The net loss for Q1 2025 was $3.9 million, an improvement from a net loss of $20.4 million in Q1 2024, attributed to reduced expenditures from McEwen Copper and higher gross profit from gold operations [9]. Capital and Liquidity - To fund growth initiatives, the company completed a $110 million convertible debt offering, with a focus on transitioning production at the Fox Complex [3][10]. - As of March 31, 2025, consolidated cash and cash equivalents were $68.5 million, a significant increase from $17.5 million at the end of 2024 [13]. Mine Performance - The Gold Bar Mine produced 7,688 GEOs in Q1 2025, down from 11,716 GEOs in Q1 2024, with expectations for steady production increases through the year [15]. - The San José Mine produced 10,924 GEOs in Q1 2025, a 16% decrease from the previous year, impacted by lower processed grades and recovery rates [22]. Exploration and Development - The company is advancing its Grey Fox project, with a pre-feasibility study underway to better define its potential and production timeline [3][21]. - Exploration at the Fox Complex resulted in a 32% increase in indicated ounces at Grey Fox, now totaling 1,538,000 ounces at a grade of 3.64 g/t Au [21]. McEwen Copper Developments - McEwen Copper invested $21.3 million in Q1 2025 to advance the feasibility study for the Los Azules copper project, which is one of the largest undeveloped copper deposits globally [26][27]. - The company is seeking admission to the Regime of Incentives for Investment in Argentina, which could provide significant fiscal and regulatory benefits for the Los Azules project [32].

Financial Data and Key Metrics Changes - The company's gross profit increased by 68% to CAD 10.1 million compared to Q1 2024 [5] - Adjusted EBITDA rose by 38% to CAD 8.7 million [5] - Cash and cash equivalents grew to CAD 68.5 million from CAD 17.5 million [6] - Consolidated working capital improved to CAD 61 million from a negative CAD 6.5 million [6] - Total debt increased to CAD 130 million from CAD 40 million, while the debt cost of service decreased from 9.5% to 6% [6] - Net debt currently stands at just over CAD 42 million [6] Business Line Data and Key Metrics Changes - Gold Bar produced 10% more gold than budgeted at a cash cost 24% below the low end of annual guidance, with a cash cost of CAD 1,146 [4] - However, Gold Bar's all-in sustaining cost per ounce was approximately CAD 2,200 due to accelerated stripping costs [4] Market Data and Key Metrics Changes - The company reported a positive outlook due to higher prices of gold, silver, and copper [3] Company Strategy and Development Direction - The majority of funds from a capped call convertible note will be used to advance the development of the Fox Complex, with expected consolidated annual production reaching 225,000 to 255,000 ounces by 2030, an increase of over 80% from current production [3] - The company is focusing on exploration and development at both the Fox Complex and Gold Bar, with updates expected throughout the year [7] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing improved liquidity and the potential for higher gold prices [34] - The company anticipates that operational performance will improve in the coming quarters [33] Other Important Information - The company received a permit to construct a ramp to the underground at the Stock Mine, which is crucial for the Stock Complex expansion [7] - The feasibility study for Los Azules is expected to be published this summer, which will improve the company's income statement by capitalizing expenses related to McEwen Copper [29][30] Q&A Session Summary Question: How much cash or cash plus investments is held within the copper subsidiary? - Currently, the treasury for McEwen Copper is below GBP 10 million, and additional financing is expected as the feasibility study approaches [10][11] Question: Is the $10 million enough to complete the feasibility study? - Additional runway will likely be needed to complete the feasibility study by July [11] Question: What is the status of dividends from San Jose? - Regular dialogue with Hochschild is ongoing, focusing on balancing reinvestment in the mine and returning value to shareholders [14][16] Question: What is the expected production timeline for the Stock Mine? - First production from the underground portion of the Stock Mine is anticipated in the last quarter of this year [18][20] Question: What is the timeframe and cost for bringing the Grey Fox mine back into production? - A study is underway to determine capital and operating costs, with a focus on the best access method for the mine [21][22]

PFS-level geotechnical program completed under budget; results support steeper pit walls, lower strip ratio, and highlight resource expansion potential Vancouver, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to report results from a geotechnical drilling and analysis program completed in 2024 at its 100%-owned Berg Project in central British Columbia. The program, designed to support future open ...

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Due to the uncertainty in the tariff negotiations between the US and China and the slowdown in the decline of China's electrolytic copper social inventory, copper prices are expected to fluctuate weakly. It is recommended that investors short lightly on rallies in the short - term, and pay attention to the support and resistance levels of Shanghai copper, London copper, and US copper [4] Summary by Related Catalogs Market Data - **Shanghai Copper Futures**: On May 7, 2025, the closing price of the active contract was 77,790 yuan, up 190 yuan from the previous day; trading volume was 132,768 lots, an increase of 49,254 lots; open interest was 179,103 lots, up 6,478 lots; inventory was 21,541 tons, a decrease of 3,381 tons. The SMW 1 computer copper +12 price was 78,580 yuan, up 390 yuan [2] - **Shanghai Copper Basis and Spot Premium/Discount**: On May 7, 2025, the Shanghai copper basis was 790 yuan, up 200 yuan from the previous day; the spot premium/discount in Guangzhou was 220 yuan, up 40 yuan; in North China, it was - 60 yuan, down 30 yuan; in East China, it was 125 yuan, down 20 yuan [2] - **Spread (Near - Month and Far - Month)**: On May 7, 2025, the spread between Shanghai copper near - month and continuous - first was 370 yuan, up 60 yuan; between continuous - first and continuous - second was 380 yuan, up 10 yuan; between continuous - second and continuous - third was 360 yuan, down 20 yuan [2] - **London Copper**: Data on May 6, 2025 showed that the LME 3 - month copper futures closing price (electronic trading) was 0238; the total inventory of registered and cancelled warrants was 193,975 tons; the LME copper futures 0 - 3 - month contract spread was 21.75; the 3 - 15 - month contract spread was 149.74 [2] - **COMEX Copper**: On May 7, 2025, the closing price of the active copper futures contract was 4.62, down 0.09 from May 5; the total inventory was 156,623 tons, an increase of 4,007 tons [2] Industry News - **Port Incident**: The Patache port's belt - conveyor terminal was damaged in a collision with a ship. Loading operations stopped two weeks ago, and repairs are expected to take at least 2 months. Collahuasi copper concentrate will be transported by road during the repair period, with no significant impact on shipments [2] - **Chilean Copper Exports**: In April 2025, Chile's copper exports were 160,660 tons, with 29,14 tons to China. Copper ore and concentrate exports were 1,040,756 tons, with 632,551 tons to China. Exports to China of both copper and copper ore dropped to over - one - year lows [2] Company News - **Mine Production Changes**: Antamina copper mine in Peru is gradually resuming production (2024 output: 927,000 metal tons); KGHM's Sierra Corda copper mine in Chile suspended production due to a worker's death (2024 output: 146,000 metal tons); a steel plant of Kazakhmys suspended production after a mine accident [4] - **Project Updates**: ACS - Metalstopes' fluidized copper ore expansion project will be put into production in Q1 2020, with an initial annual output of 26,000 tons; Freeport McMoRan in Indonesia was approved to export 1.27 million tons of copper concentrate in 6 months but will face higher export taxes; Jiangxi Copper's Ecuadorian mine's second - phase 160,000 - ton capacity may be put into production in H2 2025; Julong Copper Mine's second - phase 200,000 - ton/day expansion project may be completed by the end of 2025 [4] - **Smelter News**: Glencore's Altonorte smelter in Chile suspended production until May due to a furnace problem; Xanor Kakula copper smelter in Congo may be completed and put into production in June 2025, with an annual output of 500,000 tons of anode copper; Yimen Copper's new anode copper production increased from 100,000 to 150,000 tons on April 12; Jiangxi Copper's Jiangyuan second - phase 150,000 - ton cathode copper project started in Guixi; Jinchuan Group's second - phase 200,000 - ton intelligent circuit copper project produced the first batch of high - purity cathode copper in March [4] Downstream Market - **Copper Rod**: New orders and long - order executions of refined copper rod enterprises decreased, with production based on existing orders. The capacity utilization rate of refined copper rods increased, while that of recycled copper rods decreased. Raw material and finished - product inventories of both types of enterprises increased [4] - **Other Downstream Industries**: The capacity utilization rate of steel enterprises in China may increase in May. For copper - related downstream industries, the capacity utilization rate of copper foil may increase, while that of copper wave - wrapped wire, copper plate - strip, steel pipe, and brass rod may decrease [4] Trading Strategy - Short lightly on rallies in the short - term, paying attention to support and resistance levels: Shanghai copper at 70,000/73,000 - 75,000 and 78,500 - 80,000; London copper at 8,700 - 8,900 and 9,600 - 9,800; US copper at 4.3 - 4.5 and 4.86/5.0 - 5.2 [4]